Holley Inc. (NYSE:HLLY) Holdings Raised by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of Holley Inc. (NYSE:HLLY - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,076,956 shares of the company's stock after buying an additional 374,691 shares during the quarter. Bank of America Corp DE owned 0.90% of Holley worth $3,252,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in Holley in the 4th quarter valued at about $26,000. Atria Wealth Solutions Inc. acquired a new position in shares of Holley during the fourth quarter valued at $30,000. Catalyst Funds Management Pty Ltd acquired a new position in shares of Holley during the fourth quarter valued at $31,000. Janney Montgomery Scott LLC grew its position in shares of Holley by 25.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company's stock worth $48,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Aigen Investment Management LP increased its holdings in shares of Holley by 22.1% in the 4th quarter. Aigen Investment Management LP now owns 18,693 shares of the company's stock worth $56,000 after acquiring an additional 3,389 shares during the period. Institutional investors and hedge funds own 39.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HLLY. Canaccord Genuity Group reduced their target price on shares of Holley from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Truist Financial reduced their price objective on Holley from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark lowered Holley from a "buy" rating to a "hold" rating and set a $5.00 price objective for the company. in a report on Friday, May 9th. Raymond James raised their target price on Holley from $3.00 to $3.50 and gave the company an "outperform" rating in a research report on Wednesday, March 12th. Finally, Telsey Advisory Group reduced their price target on Holley from $4.50 to $2.75 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Holley currently has an average rating of "Moderate Buy" and a consensus target price of $3.85.

Holley Price Performance

Shares of NYSE HLLY traded up $0.01 during mid-day trading on Wednesday, reaching $2.08. 29,573 shares of the company traded hands, compared to its average volume of 479,052. Holley Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The stock has a fifty day simple moving average of $2.17 and a 200-day simple moving average of $2.60. The firm has a market cap of $249.38 million, a PE ratio of 15.96 and a beta of 1.43.

Holley (NYSE:HLLY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). Holley had a net margin of 2.55% and a return on equity of 2.59%. The firm had revenue of $153.04 million for the quarter, compared to the consensus estimate of $148.52 million. Equities research analysts anticipate that Holley Inc. will post 0.12 EPS for the current fiscal year.

Holley Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.